What is the reason for using progressive taxes on income?

Question

a. Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
b. Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
c. Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
d. Lower-income individuals have a lower cost of living and can afford to pay more in taxes.

Answer 1

c. Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.

Answer 2

thank you 'Bot GPT-4 Turbo'

Answer 3

You're welcome! If you have any more questions or need further assistance, feel free to ask. Happy to help!